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Side-by-side financial comparison of Andersons, Inc. (ANDE) and Paymentus Holdings, Inc. (PAY). Click either name above to swap in a different company.
Paymentus Holdings, Inc. is the larger business by last-quarter revenue ($330.5M vs $329.5M, roughly 1.0× Andersons, Inc.). Andersons, Inc. runs the higher net margin — 20.5% vs 6.3%, a 14.2% gap on every dollar of revenue. On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs -2.4%). Paymentus Holdings, Inc. produced more free cash flow last quarter ($45.0M vs $-77.1M). Over the past eight quarters, Paymentus Holdings, Inc.'s revenue compounded faster (33.7% CAGR vs -1.8%).
The Andersons, Inc. is an American agribusiness established in 1947, that began as Andersons Truck Terminal (ATT) in the 1940s for the grain industry, headquartered in Maumee, Ohio. It is a diversified company rooted in agriculture that conducts business in the commodity merchandising, renewables, and plant nutrient sectors.
Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.
ANDE vs PAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $330.5M |
| Net Profit | $67.4M | $20.7M |
| Gross Margin | 70.3% | 25.4% |
| Operating Margin | 26.6% | 7.3% |
| Net Margin | 20.5% | 6.3% |
| Revenue YoY | -2.4% | 28.1% |
| Net Profit YoY | 49.6% | 57.2% |
| EPS (diluted) | — | $0.16 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $329.5M | $330.5M | ||
| Q3 25 | $295.8M | $310.7M | ||
| Q2 25 | $535.0M | $280.1M | ||
| Q1 25 | $370.8M | $275.2M | ||
| Q4 24 | $337.5M | $257.9M | ||
| Q3 24 | $231.9M | $231.6M | ||
| Q2 24 | $492.5M | $197.4M | ||
| Q1 24 | $341.4M | $184.9M |
| Q4 25 | $67.4M | $20.7M | ||
| Q3 25 | $20.1M | $17.7M | ||
| Q2 25 | $7.9M | $14.7M | ||
| Q1 25 | $284.0K | $13.8M | ||
| Q4 24 | $45.1M | $13.1M | ||
| Q3 24 | $27.4M | $14.4M | ||
| Q2 24 | $36.0M | $9.4M | ||
| Q1 24 | $5.6M | $7.2M |
| Q4 25 | 70.3% | 25.4% | ||
| Q3 25 | 57.8% | 24.1% | ||
| Q2 25 | 29.6% | 25.5% | ||
| Q1 25 | 41.2% | 24.0% | ||
| Q4 24 | 63.1% | 25.6% | ||
| Q3 24 | 76.4% | 26.2% | ||
| Q2 24 | 35.6% | 29.8% | ||
| Q1 24 | 37.6% | 28.5% |
| Q4 25 | 26.6% | 7.3% | ||
| Q3 25 | 8.7% | 6.4% | ||
| Q2 25 | 4.6% | 5.7% | ||
| Q1 25 | 0.9% | 5.7% | ||
| Q4 24 | 19.9% | 5.5% | ||
| Q3 24 | 26.8% | 5.2% | ||
| Q2 24 | 11.6% | 5.2% | ||
| Q1 24 | 4.1% | 4.5% |
| Q4 25 | 20.5% | 6.3% | ||
| Q3 25 | 6.8% | 5.7% | ||
| Q2 25 | 1.5% | 5.3% | ||
| Q1 25 | 0.1% | 5.0% | ||
| Q4 24 | 13.4% | 5.1% | ||
| Q3 24 | 11.8% | 6.2% | ||
| Q2 24 | 7.3% | 4.7% | ||
| Q1 24 | 1.6% | 3.9% |
| Q4 25 | — | $0.16 | ||
| Q3 25 | $0.59 | $0.14 | ||
| Q2 25 | $0.23 | $0.11 | ||
| Q1 25 | $0.01 | $0.11 | ||
| Q4 24 | $1.31 | $0.11 | ||
| Q3 24 | $0.80 | $0.11 | ||
| Q2 24 | $1.05 | $0.07 | ||
| Q1 24 | $0.16 | $0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $98.3M | $320.9M |
| Total DebtLower is stronger | $560.0M | — |
| Stockholders' EquityBook value | $1.2B | $560.4M |
| Total Assets | $3.7B | $667.9M |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | $320.9M | ||
| Q3 25 | — | $287.9M | ||
| Q2 25 | — | $266.4M | ||
| Q1 25 | — | $245.8M | ||
| Q4 24 | $561.8M | $205.9M | ||
| Q3 24 | — | $187.5M | ||
| Q2 24 | — | $188.8M | ||
| Q1 24 | — | $180.1M |
| Q4 25 | $560.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $608.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $560.4M | ||
| Q3 25 | $1.2B | $537.4M | ||
| Q2 25 | $1.4B | $516.7M | ||
| Q1 25 | $1.4B | $500.4M | ||
| Q4 24 | $1.4B | $485.6M | ||
| Q3 24 | $1.3B | $468.8M | ||
| Q2 24 | $1.3B | $451.6M | ||
| Q1 24 | $1.3B | $439.4M |
| Q4 25 | $3.7B | $667.9M | ||
| Q3 25 | $3.3B | $644.4M | ||
| Q2 25 | $3.4B | $609.5M | ||
| Q1 25 | $3.8B | $590.9M | ||
| Q4 24 | $4.1B | $576.2M | ||
| Q3 24 | $3.4B | $552.9M | ||
| Q2 24 | $3.3B | $527.7M | ||
| Q1 24 | $3.3B | $514.0M |
| Q4 25 | 0.45× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.45× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-6.2M | $45.1M |
| Free Cash FlowOCF − Capex | $-77.1M | $45.0M |
| FCF MarginFCF / Revenue | -23.4% | 13.6% |
| Capex IntensityCapex / Revenue | 21.5% | 0.0% |
| Cash ConversionOCF / Net Profit | -0.09× | 2.18× |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | $161.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.2M | $45.1M | ||
| Q3 25 | $233.9M | $35.1M | ||
| Q2 25 | $299.3M | $31.5M | ||
| Q1 25 | $-350.0M | $50.4M | ||
| Q4 24 | $268.8M | $27.9M | ||
| Q3 24 | $-2.1M | $6.7M | ||
| Q2 24 | $304.4M | $18.0M | ||
| Q1 24 | $-239.6M | $11.0M |
| Q4 25 | $-77.1M | $45.0M | ||
| Q3 25 | $167.0M | $35.0M | ||
| Q2 25 | $250.5M | $31.4M | ||
| Q1 25 | $-396.6M | $50.4M | ||
| Q4 24 | $212.9M | $27.8M | ||
| Q3 24 | $-40.0M | $6.7M | ||
| Q2 24 | $275.8M | $17.8M | ||
| Q1 24 | $-266.4M | $10.8M |
| Q4 25 | -23.4% | 13.6% | ||
| Q3 25 | 56.5% | 11.3% | ||
| Q2 25 | 46.8% | 11.2% | ||
| Q1 25 | -106.9% | 18.3% | ||
| Q4 24 | 63.1% | 10.8% | ||
| Q3 24 | -17.2% | 2.9% | ||
| Q2 24 | 56.0% | 9.0% | ||
| Q1 24 | -78.0% | 5.9% |
| Q4 25 | 21.5% | 0.0% | ||
| Q3 25 | 22.6% | 0.0% | ||
| Q2 25 | 9.1% | 0.0% | ||
| Q1 25 | 12.6% | 0.0% | ||
| Q4 24 | 16.6% | 0.0% | ||
| Q3 24 | 16.3% | 0.0% | ||
| Q2 24 | 5.8% | 0.1% | ||
| Q1 24 | 7.8% | 0.1% |
| Q4 25 | -0.09× | 2.18× | ||
| Q3 25 | 11.61× | 1.98× | ||
| Q2 25 | 38.10× | 2.14× | ||
| Q1 25 | -1232.46× | 3.65× | ||
| Q4 24 | 5.96× | 2.12× | ||
| Q3 24 | -0.08× | 0.47× | ||
| Q2 24 | 8.46× | 1.93× | ||
| Q1 24 | -42.94× | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ANDE
| Specialty And Primary Nutrients | $137.1M | 42% |
| Premium Ingredients | $66.1M | 20% |
| Segment Reporting Reconciling Item Other | $63.2M | 19% |
| Other | $63.1M | 19% |
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
